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Ransomware
Royal Mail hackers LockBit hobbled by global law enforcement
...“This action is the first in an ongoing collaborative effort with the US Department of Justice, Federal Bureau of Investigation, and our international partners targeting LockBit,” the Treasury said....
February 20, 2024
Cyber Security
FBI warns Chinese malware could threaten critical US infrastructure
...We’re always going to have to be kind of on the balls of our feet.” Wray said Volt Typhoon was just the tip of the iceberg and was one of many such efforts by the Chinese government....
February 18, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
News in-depthCarvana
Carvana makes U-turn away from financial abyss
...Garcia vowed a high-speed U-turn. His company would slash costs and its heady ambitions for growth would take a back seat to proving efficiency....
March 21, 2024
News updates from February 20: Walmart flags sales slowdown; China cuts mortgage lending rate
US Treasury sanctions LockBit hackers after ICBC ransomware attack
...“This action is the first in an ongoing collaborative effort with the US Department of Justice, Federal Bureau of Investigation, and our international partners targeting LockBit,” the Treasury said in a...
February 20, 2024
Live news: Tesla notches seventh straight loss ahead of Tuesday earnings release
US sues to block Tapestry’s $8.5bn acquisition of Capri Holdings
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
April 22, 2024
Live news: Tesla notches seventh straight loss ahead of Tuesday earnings release
US sues to block Tapestry’s $8.5bn acquisition of Capri Holdings
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
April 22, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
FT News Briefing podcast12 min listen
Swamp Notes: Inside Trump’s new inner circle
...The FT’s Washington bureau chief, James Politi, and deputy Washington bureau chief, Lauren Fedor, join this week’s Swamp Notes to discuss what a second Trump White House would look like....
April 6, 2024
Europe Express
The political motives behind von der Leyen’s green agenda U-turn Premium content
...Chart du jour: Inside Mariupol Let the FT’s awesome Visual Investigations team take you inside Russia’s new Potemkin village, where locals live in perilous conditions while Russian companies profit from...
February 7, 2024
Retail & Consumer industry
FTC sues to block $8.5bn deal between the makers of Michael Kors and Coach
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
April 22, 2024
News updates from March 25: Boeing CEO to step down; UN Security Council calls for Gaza ceasefire
Singapore’s former transport minister handed additional charges
...The Corrupt Practices Investigation Bureau said in a separate statement on Monday that the value of the goods Iswaran allegedly received from the latest charges are worth S$18,956.94 ($14,075.52)....
March 25, 2024
Federal Bureau of Investigation
Ex-FBI agent who worked for Oleg Deripaska gets 4-year prison sentence
...Fighting back tears, McGonigal appealed to the court for leniency, saying he had a “deep sense of remorse and sorrow” for betraying the confidence of those closest to him and damaging the reputation of the...
December 14, 2023
US financial regulation
US consumer regulator proposes capping bank overdraft fees
...In October, the Federal Trade Commission proposed a rule to bar companies from showing consumers one price — for a concert ticket or hotel room, for example — only to inflate the final cost of the purchase...
January 17, 2024
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
Boeing under investigation by US regulator after 737 Max accident
...Boeing is under investigation by the federal US aviation regulator following a mid-air blowout of a fuselage panel on a 737 Max jet....
January 11, 2024
News updates from April 10: US inflation rises faster than expected; KPMG fined $25mn in cheating scandal
US inflation rises faster than expected to 3.5%
...The Bureau of Labor Statistics also said on Wednesday that core inflation, which excludes changes in food and energy costs, remained at 3.8 per cent....
April 10, 2024
Sport
NBA player gets lifetime ban for gambling on basketball games
...The NBA said the Porter investigation is ongoing and it will “continue to share information with federal prosecutors about this matter”....
April 17, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
Markets update: US stocks rise on rate-cut optimism
...The moves came after figures from the Bureau of Labor Statistics showed that new applications for unemployment aid — a proxy for lay-offs — jumped to their highest level since January in the week to March...
April 4, 2024
US inflation
Federal Reserve chair Jay Powell expects US inflation to keep cooling in coming months
...Powell said Friday’s Bureau of Economic Analysis report, combined with other recent data, showed that the path towards the 2 per cent target was “sometimes bumpy”....
March 29, 2024
Live news: News updates from November 22: Sam Altman to return as Open AI CEO, Far-right leader set to come first in Dutch elections
FBI investigating vehicle explosion at US-Canada border crossing
...The Federal Bureau of Investigation’s field office in Buffalo, New York, said it is “investigating a vehicle explosion at the Rainbow Bridge, a border crossing between the US and Canada in Niagara Falls”...
November 22, 2023
News updates from April 12: ECB keeps interest rates on hold; OJ Simpson dies aged 76
Biden administration raises cost of drilling on public lands
...The Bureau of Land Management said on Friday it had finalised a rule that would raise royalty rates companies must pay the government as well as increase the minimum bond associated with the clean-up of...
April 12, 2024
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
US Treasuries sell off as investors await jobs and inflation data
...The US Bureau of Labor Statistics’ weekly data on jobless claims, a proxy for lay-offs, will signal how well the labour market is withstanding higher interest rates....
March 28, 2024
News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored
What to watch in North America today
...Fed Beige Book: The Federal Reserve will release its report on the current economic conditions of its 12 central bank districts....
April 17, 2024
Donald Trump
Trump’s $175mn bond should be invalidated, New York attorney-general says
...The attorney-general’s office added Knight’s management had been “found by federal authorities to have operated affiliated companies within KSIC’s holding company structure in violation of federal law on...
April 19, 2024
Political espionage
German staffer in EU parliament arrested on China spying charges
...Jian Guo, an employee of Maximilian Krah, was accused by Germany’s federal prosecutor on Tuesday of being covertly employed by China’s Ministry of State Security....
April 23, 2024
Scoreboard
America’s sports betting nightmare Premium content
...Porter is not the first hooper to be hit with a ban for gambling, but he is the first to face the music since 2018, when the US federal prohibition of sports wagering was struck down....
April 20, 2024
US inflation
US inflation eases to 2.4%, according to Federal Reserve’s target index
...Thursday’s figures from the Bureau of Economic Analysis are separate to the US’s consumer price index, which rose 3.1 per cent in the year to January....
February 29, 2024

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